About a third of participants across Millennials, Generation X, and Baby Boomers who self-manage the investment of their plan accounts are more conservative than a typical target-date fund appropriate to their age.
Allegations against Cammack LaRhette Advisors contend it gave “flawed advice” to plan fiduciaries regarding investments, which Cammack denies.
A survey finds a drop in revenue sharing used to pay plan fees, and that half of DC plan sponsors plan to renegotiate fees with providers in 2018.
Looking at asset flow data provided by Wells Fargo, there is very little money going into the standalone index equity fund options being added to DC plan menus—and this is probably a good thing.
INSIDE THE MAGAZINE PLANSPONSOR December 2017/January 2018
In April, PLANSPONSOR magazine will celebrate its 25th birthday.
A white paper unpacks aspects of the new law that will affect a wide range of retirement, benefits and payroll professionals.
Today, just 8.8% of “mega plans” with assets greater than $1 billion utilize a fully bundled structure.
Toni Brown, senior vice president, Retirement Strategy, Capital Group, says a plan sponsor with a clearly defined objective for its defined contribution (DC) plan will be better positioned to make all subsequent decisions.
WEX Health and dailyVest form collaboration for HSA consumers, and FIA promotes consultants and analysts within the firm.
Plan sponsors cite a number of reasons for being unlikely to offer an annuity-type product in the near term; top reasons include the belief that it is unnecessary or not a priority, and being uncomfortable or unclear about the fiduciary implications.
Part of the very light trading activity can be explained by the prevalence of target-date funds, the largest asset class in the Alight Solutions 401(k) index.
“We’re not suggesting things that take a lot of expense—the strategy uses existing tools plan sponsors have as well as existing capabilities of providers,” Steve Vernon, a research scholar at the Stanford Center on Longevity, tells PLANSPONSOR.
American Century releases first ETFs, and Putnam reveals two ESG fund offerings.